Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Jay Corporation's stockholders' equity to the nearest dollar is

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asked Apr 19, 2018 226k views

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Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Jay Corporation's stockholders' equity to the nearest dollar is

Mathematics
college

PakkuDon asked

by PakkuDon

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175,900/100 = 1759.00 x 12.5 = $21,987.50

therefore it is $21,988.00

Le Zhang answered Apr 25, 2018

by Le Zhang

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